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PMI PMI-RMP Exam Overview:

Certification Vendor:PMI
Exam Name:PMI Risk Management Professional Certification Exam
Exam Number:PMI-RMP
Related Certifications:Project Management Professional (PMP)
Program Management Professional (PgMP)
PMI Agile Certified Practitioner (PMI-ACP)
Real Exam Qty:115 (100 scored, 15 unscored pretest)
Exam Format:Computer-based, Scenario-based, Multiple-choice (single answer), Multiple-select (multiple answers)
Exam Duration:150 minutes
Exam Price:$520 USD (PMI members), $670 USD (non-members)
Passing Score:Not published; scaled scoring, approx. 75% accuracy recommended
Available Languages:Arabic, Chinese (Simplified), English
Certificate Validity Period:3 years
Recommended Training:PMI-RMP Exam Content Outline
PMI-RMP Official Exam Prep Course
Exam Registration:PMI Official Registration
Pearson VUE Scheduling
Sample Questions:PMI PMI-RMP Sample Questions
Exam Way:Computer-based test at Pearson VUE centers or online proctored
Pre Condition:Option 1: Secondary diploma + 36 months risk experience (last 5 years) + 40 hours risk education; Option 2: Bachelor's degree + 24 months risk experience (last 5 years) + 30 hours risk education; Option 3: Bachelor's from GAC-accredited program + 18 months risk experience (last 5 years)
Official Syllabus URL:https://www.pmi.org/certifications/risk-management-rmp

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PMI Risk Management Professional Sample Questions (Q125-Q130):

NEW QUESTION # 125
Towards the end of definitive design, project costs have increased to the point where it will be classified as a capital asset project. The customer has expressed they want one final total project completion date and will afford no extensions after it is established.
How should the risk manager proceed?

Answer: C

Explanation:
The risk manager should perform a quantitative risk analysis to determine the potential impact of risks on the project's completion date. This will help in providing a more accurate project completion date to the customer, considering the risks and their potential effects on the project schedule.
According to the PMI Risk Management Professional (PMI-RMP) Examination Content Outline1, one of the tasks in the domain of Risk Analysis is to perform quantitative risk analysis using techniques such as Monte Carlo simul-ation, decision tree analysis, sensitivity analysis, etc., to quantify the possible outcomes for the project and their probabilities, and to evaluate the cost and schedule impacts of risks1. In this scenario, the risk manager should perform a quantitative risk analysis and update the results, because the project costs have increased significantly and the customer has imposed a strict deadline for the project completion. A quantitative risk analysis will help the risk manager to estimate the probability of meeting the project objectives, such as cost and schedule, and to determine the appropriate contingency reserves for the project. A quantitative risk analysis will also provide more accurate and reliable information for the customer and the project team, and will support the risk response planning process2. References: 1: PMI Risk Management Professional (PMI-RMP) Examination Content Outline, page 92: A Guide to the Project Management Body of Knowledge (PMBOK Guide) - Sixth Edition, pages 431-432.


NEW QUESTION # 126
Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is familiar with the technology that the risk is affecting and proposes to Nancy a solution to the risk event. Nancy tells Bob that she has noted his response, but the risk really needs to pass through the quantitative risk analysis process before creating responses. Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

Answer: D

Explanation:
Explanation


NEW QUESTION # 127
You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative analysis you have identified 80 risks that have a low probability and low impact as the project is currently planned. Nancy's concern, however, is that the impact and probability of these risk events may change as conditions within the project may change. She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

Answer: B

Explanation:
Explanation/Reference:


NEW QUESTION # 128
How can the project manager rank competing stakeholder priorities for all the identified risks?

Answer: C


NEW QUESTION # 129
____ analysis is a statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.

Answer: D


NEW QUESTION # 130
......

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